Aviva Investors launches first tokenized fund share class on XRP Ledger
The Ireland-approved USD Liquidity Fund share class gives eligible investors blockchain-based access while Komainu and Licuido support custody and tokenization within a regulated structure.
Aviva Investors has launched a tokenized share class of its USD Liquidity Fund on the XRP Ledger, turning its February partnership with Ripple into a live product. The new share class, approved by the Central Bank of Ireland, gives eligible investors with digital wallets blockchain-based access to a regulated dollar liquidity fund while the underlying portfolio remains with the fund’s traditional custodian. Komainu provides custody support for the tokenized share class and Licuido supplies the technology for issuing and administering the fund shares onchain. Aviva said the tokenized share class preserves the conventional fund’s investment objective, risk profile, liquidity characteristics and regulatory protections. The product operates through an Irish UCITS structure, and Aviva described the Central Bank of Ireland approval as a regulatory first for tokenized fund structures. The launch follows XRPL’s earlier tokenized money market fund for abrdn through Archax and adds to a broader push to bring regulated funds and other real-world assets onchain for institutional investors.
- tokenized share class: A class of fund shares issued and administered on blockchain infrastructure while retaining exposure to the same underlying fund.
- UCITS: A European regulated fund structure designed for collective investment with standardized investor protection rules.
- onchain: Recorded and administered directly on a blockchain network rather than through only traditional financial infrastructure.